Filing Flows › HNI (HNI) › Q2 2026 › vs Q2 2025
HNI (HNI) Q2 2026 vs Q2 2025 (year over year)
HNI's revenue rose $805M (+121%) from $667M in Q2 2025 to $1.5B in Q2 2026. The biggest changes: Workplace furnishings +$808M (+157%); Residential building products −$2.4M (-2%). Gross margin 44.0% against 42.9% (+1.1 pts).
HNI, Q2 2026: revenue $1.5B (+121% year over year), operating margin 6.3%, net earnings $51.1M, operating cash flow $140M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 44.0% | 42.9% | +1.1 pts |
| Operating margin | 6.3% | 10.2% | -4.0 pts |
| Net margin | 3.5% | 7.2% | -3.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Workplace furnishings | $1.3B | $516M | $808M | +157% |
| Residential building products | $149M | $151M | −$2.4M | -2% |
| Revenue | $1.5B | $667M | $805M | +121% |
| Gross profit | $647M | $286M | $361M | +126% |
| Cost of revenue | $825M | $381M | $444M | +117% |
| Operating profit | $92.1M | $68.2M | $23.9M | +35% |
| Operating expenses | $555M | $218M | $337M | +155% |
| Pre-tax earnings | $71.2M | $62.0M | $9.2M | +15% |
| Other expense, net | $20.9M | $6.2M | $14.7M | +237% |
| SG&A | $533M | $216M | $318M | +147% |
| Other operating costs | $22.1M | $2.5M | $19.6M | +784% |
| Net earnings | $51.1M | $48.3M | $2.8M | +6% |
| Income tax | $20.1M | $13.8M | $6.3M | +46% |
| Depreciation & amortization | $66.2M | $25.0M | $41.2M | +165% |
| Share-based compensation | $9.6M | $3.3M | $6.3M | +191% |
| Working capital & other | $12.9M | −$45.5M | $58.4M | — |
| Operating cash flow | $140M | $31.1M | $109M | +350% |
Questions
How much did HNI's revenue grow year over year in Q2 2026?
HNI's revenue rose $805M (+121%) from $667M in Q2 2025 to $1.5B in Q2 2026.
What drove HNI's revenue change in Q2 2026?
Workplace furnishings +$808M (+157%); Residential building products −$2.4M (-2%).